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Jan 22, 2013 4:00pm EST
yesterday the lack of any talk of fiscal restraint. we know regulations, taxes are going up 2013. kudos to corporate america for pulling in these numbers in this environment. >> how about david garrity? you want to weigh in on these numbers. >> 4% gain on the stock. >> on the ibm numbers, fear there would be around the conference call four years ago. their main stram, which they just launched to september saw good acceptance in the fourth quarter and all the concerns that people had about corporate investment and all that because of the fiscal cliff issue, tax reform. obviously these being put bait by what numbers are being put up in terms offing revenue strength. ibm a good bellwether versus tech bjorklund and paul, david, thipg thank you. my friend snow greco, when do you think in the market will go higher? >> i'll just plead the fifth on that. >> all right. i hear you. thanks for joining us. michael, rich, always good to see you. >> thanks, guys. >> to wrap up, ibm's solid beat on the bottom line and top line better than expected. >> google. top line. bottom line, we're working on it
Jan 22, 2013 7:00pm EST
and leave high tax california? of course he should. we'll discuss his comments. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> presidential inaugural addre addresses are supposed to be less than a campaign speech. listen for yourself. >> fidelity requires new responses to new challengemis. preserving freedoms requires collective action. to me that spells more government. but listen to this next one. >> the co
FOX Business
Jan 23, 2013 9:20am EST
planet, that's already been proposed. they will move on to taxing the rich some more and then defending the welfare state. in short, president obama's inaugural address will be echoed over there. he gave davos the blueprint and the high and mighty will adopt a collectivist mentality, but we will not. no elitism here, "varney & company" is about to begin. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ]'ll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you h heartburn. ♪ tum tum tum tum tums >> watch out, big financial revelation coming, we don't focus much on earnings here, but apple, that's no ordinary company. if you have a mutual fund or an index fund you own a little bit of apple. it it has, by the way become what i'm calling a door stopper. the stock price holding right
Jan 22, 2013 1:00pm EST
phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results. more on them in a few minutes. let's get you ahead of the curve. google is getting ready to report its latest results after the bell. fears about an ad revenue and major focus on those shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smartphone and tablet sales spike. cbc could come down 11%. it was down 15% last quarter. then we have the nexus 7 and nexts 10 tablets. in q3, some analysts estimate google sold around 100 million tablets. and then you have motorola, and i am hearing the mobile phones are not selling that well. last
Jan 23, 2013 7:00pm EST
the payroll tax cut will cut into consumer discretionary spending down the line. apples ipads and iphones sold a lot but the profit margin was slim. is this a company story where the company is in trouble after the great steve jobs has passed snarp. >> it feels that way, larry. we've got this darling-to-dog story we've seen so often notice tech space. we have a gadget company in the tech space that's struggling with margins on its gadgets and a lot of the worst fears that they would face other gadgets from other kinds of companies seem to be coming to pass, but the service tech companies like google and netflix, they're all of a sudden out there increasing share. >> knock the cover off the ball. >> knock the cover on. and as long as you have a razor blade story and not a razor story, i think that's the difference peer. >> dave goldman, am i wrong? sometimes ji am very wrong. does this forecast a stronger american economy, even a moderately stronger economy? >> absolutely not. i was a raging bull in 2012. i'm neutral on it. the s&p is trading tick for tick with liquidity measures, such as infla
FOX Business
Jan 21, 2013 1:00pm EST
. melissa: if you thought washington satisfied its search to tax breaks it -- rich, think again. senate democrats reportedly want even more knew taxes. lori: breaking details out of algeria after the bloody for a hostage situation at the gas plant. hopes fading for survivors. the grim toll and the unanswered questions that. president obama making his career just a couple of moments ago that he is ready to do battle on the economy and that, but not at the expense of social security, medicare, and medicaid >> we, the people, still believe that every citizen deserves a basic measure of security and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. lori: the president giving his second inaugural address this morning. rich edson now joining us from washington d.c., and that was certainly a politically partisan address we heard from the president. >> reporter: well, it was a d
FOX Business
Jan 24, 2013 9:20am EST
the exporters going down and then the wild card here is what is the government going to do with taxes, how does that affect business and consumer spending. so we're on that road, but the road is-- it needs a lot of pavement, stuart. hopefully our government will do the right thing by us. >> hopefully. >> stay there for a second, carol, i want your opinion on another news item. and we broke the story yesterday, union membership, it's way down. i've got some numbers for you, in all, 400,000 workers, less left the labor movement, gone, 400,000, the state of wisconsin lost 46,000, 13%. indiana, where a law passed last year that doesn't require workers to pay a union fee, still allows them to benefit from collective bargaining, that lost more than 56,000 union members in that state. down 18%. most of the municipal workers, by the way. and these are the lowest union levels since 1916, i believe. carol, it occurs to me that unions have a lot of political power at the moment, but they're sharply declining membership. >> they do. and you know, it's funny, i am he' the daughter of a union electrician so
FOX News
Jan 22, 2013 1:00pm PST
to the military? that will hurt him with the center left who, want tax cuts and the help to the religious go down. when you have a narrow margin as a prime minister, historically, here, it means you are wake and not able to do anything significant in the knesset and we will be back to early elections, mr. netanyahu had had a very stable government. but like the united states, neil, israel is rocked by some severe economic problems here. there was a $10 billion budget deficit that was much more than expected. that has become a big issue. the rising cost of living here has become a big issue and that's the thought that this precipitous drop, it was that he and his right-wing coalition hash 70 seats projected 2 months ago. they have fallen in the polls and there is now talk of them bringing on board a center party, run by a charismatic television anchor, turped politician. this person is demanding tax cuts for the middle scplases demand that the religious go to war, something that won't sit well with mr. netanyahu's base. going forward, he may have won, but it will be a very uncomfortable and probab
FOX Business
Jan 28, 2013 1:00pm EST
. when i came into office the governor and general assembly without my support passed a large income tax increase here in the january of twe ven. the sad thing we're now two years into the income tax increase and they raised money and not respond to the problem. i think this year, this spring session of the general assembly it will finally come home to reality. not only downgrades, moody's, fitch and standard have eight watches, warnings or downgrades since the income tax increase has gone into effect. what comes next the fiscal year fourth four, natural revenue growth from illinois coming from sales tax, gaming without tax increases is $600 million. but the reality of the amount of increased payments into the public pension systems is $945 million. i think they will have to deal with this $345 million spread. reality is --. melissa: dan, i applaud your optimism you think this will finally be the come to jesus moment where they realize there is huge problem but i don't know that is necessarily the case because we see california going down the same road. seems like politicians almost neve
FOX Business
Jan 22, 2013 11:00am EST
just had a big capital gains tax, a big dividend tax. you have obamacare that is coming down the pipe which it employers with more than 50 workers in a lot of employers are already holding back on their employment because of that. then we talk about things like coffee and trade and climate change legislation. i do not want to be entirely negative here. you mentioned the fact that the housing market is picking up. no question about that. ironically, here is the irony of this president, the number one factor that is creating jobs in the economy over the last three years has been the oil and gas sector. dagen: you would be not a smart politician if you got in the way of that in the next four years. steve, by the way, 2100 words in that address and job or jobs was noted three times. steve, it was great to speak with you. >> people should read in our "wall street journal" today, we have an excerpt from ronald reagan's inauguration. the job market was really expanding back in. dagen: steve, great to speak with you. take care. connell: we brought in chief market strategist from america finan
FOX Business
Jan 23, 2013 11:00am EST
. when this payroll tax expires, people are up in arms about it. there will not be, until we all feel pain from higher interest rates and inflation, not a single thing will be done about it. >> i hope that is not true. i hope people can really forecast and see what is happening in the future. if they do not, they'll have to wait until the car hits the wall to feel that pain. i do not think that is the case, dagen. to be very honest with you, these two parties can really get together and look at some of the entitlement programs and really make a difference. i hope it is not like what you are describing. i just hope that is not the case. dagen: maybe one area of agreement is tax reform. we heard congressman paul ryan talking about it. the president did mention it in his inaugural address earlier in the week. do you think that is doable and what she could've possibly take? >> tax reform has a different meaning to almost everyone who discusses it. bipartisan -- he meant higher tax rates on the rich. he meant a broader tax rate. he met tax increases rather than tax reform. it really was ch
Jan 22, 2013 9:00am EST
mickelson, why is he paying 62%, 63% tax? >> i like the nike add. >> all that, plus the opening bell in just a moment. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ]'ll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> you're watching cnbc "squawk on the street" live from the financial capital of the world. the opening bell is going to ring in a little less than 90 seconds. a busy week. everything from apple to microsoft to bristol-myers reporting earnings. we talked about some of the highlights. also, davos happening. you never know what could come from the other side of the planet. >> a lot of hitters there. periodically getting a new story. we have maria over there, and steve liesman, i mean, it's really -- we're bringing out the big guns. we've got
FOX Business
Jan 23, 2013 1:00pm EST
of people paying slightly higher taxes. one of the things going on with uncertainty coming up on may 18th and how we deal with the debt ceiling. the potential for the federal government to shut down. i think many people underestimate the significance of the federal government as a part of, you know, what drives the u.s. economy. melissa: so what could they be doing you think to make things better? what could turn things around from a trucking perspective? >> i think in recent history, anytime our leaders here in washington make, you know, get a decision made, even if it is not what everybody likes or agrees with, the more certainty there is in the business community, the more likely we are to see investment and people making plans about moving forward. i mean i think it is too early to tell how consumer sentiment and consumer behavior is going to be impacted by the, by the tax increases. i mean everybody saw the 2% hit on the payroll tax expiration, what, a little less than 1% on the health care costs. so, we just don't know yet. that impacts us directly because we move a the of retail go
Jan 23, 2013 12:00pm PST
income tax bump. we may finish the month $4 billion ahead of what forecasters expected. it could be the biggest one- month overage in recent memory. the state celt a record on the 16th when the franchise tax board received $2.2 billion in taxes. experts say the excess cash maying the combination of state and federal tax changes. >>> officials at california state university says governor brown's budget falls $2 a million short of what -- $250 million short of what they need. he said the figure is not realistic, pointing in particular to $86 million for a 3% raise for employees. he said it will be hard to get the legislature to approve that since other state employees have not had raises. >>> a controversial consultant will come in to open the oakland police department combat a recent rise in crime. as ktvu eight alex savidge shows us, the plan was approved during a heated argument that stretched into the early- morning hours. >> shame on you! >> reporter: an angry reaction from the audience inside oakland's city hall as the council vote came down just after 2:00 this morning. memb
Jan 24, 2013 6:00am PST
should kept his opinion on taxes themselves. nicholson set off a firestorm of controversy when he said teammate will out to california because of recent hikes in federal and state taxes on the wealthy. when asked about of the farmers insurance opening california he compared his remarks to a bad call he made at the 2006 u.s. open. >> i made a big mistake talking about is the publicly and i should not have done that. my apology is from talking about a publicly because i should not take advantage of the form that i have as a professional golfer to try to ignite change over these issues. >> mickelson had said that his tax rate was over 60 percent in that state. according to the tax foundation they said it is closer to 51%. california recently became the state with the highest top marginal tax rate face the voters passed in november a temporary tax hike on wealthy residents. >> coming up on the kron4 morning news defense secretary leon panetta expected to make a big announcement today more on historic change coming to the military. we are seeing a lingering wet weather across the bay area t
FOX Business
Jan 22, 2013 1:00pm EST
leaving the state of california and there are better ways to raise revenue. one is by broadening our tax base by encouraging businesses to come to the state of california and expand here. that will solve our problems of increasing revenue. melissa: you talk about that the way you would encourage businesses to come would be to lower their tax rate. so, you know, it is quite the opposite of raising it. do you think you could ever get that done in california's current climate? >> not in our current climate we are not going to get it done. we need to cut government regulations. we need to give businesses incentives to be here. that in turn would bring revenue. melissa: you know it does not work for me right now, i will have to make some changes. i ventured prosperity in that. races on income over $1 million. it used to be 10.3%. for him, that is $1.8 million. he made $60 million. that tax is making a big difference for him. nebraska governor has talked about eliminating the personal income tax and corporate income tax. do you think that those kinds of states will starts stealing valuable inc
Jan 22, 2013 3:00pm EST
tonight as well and a new tax on every share of stock you trade. she loves this story. looking more likely in europe. could it be a coming to wall street as well? the cd of td ameritrade will be joining us for that, among other things. earnings and lots more to talk with fred about. >> retail and whether investors are coming back. big nightmare for boeing, the dreamliner with problems and its stock still down. right now the news is not getting any better for the aircraft-maker. >> we've noticed a trend lately. you see some selling in the morning and then buying in the afternoon, and we have often thought of the afternoon trade as the smart money. >> and you see it right there on the intraday chart. i am so old, phil, i remember we introduced the infraday chart, a phenomenon that we could see what what is happening tick bytic, and there you see the pattern. >> and i'm so old we were handwriting the intradate chart. nasdaq doing the same thing. back in positive territory after spending much of the day negative. up three points right now at 3138, and the s&p, any positive close for the dow in
Jan 22, 2013 6:00am EST
to give their approval to allow 11 states to start preparations for imposing a tax on all financial market transactions and measures likely to unsettle banks and houses. for more on the story coming out of europe today, let us head to london to kelly evans who is standing by this morning. i like that necklace. i don't know what it means -- what it's saying to me. it kind of looks like -- >> it's telling you to buy goad, joe. it's a subtle signal to investors. i coordinate my wardrobe with the prevailing market move. >> yeah. >> i was thinking you were stepping out there. is that attached to the wall behind you? are you allowed to move or has ross got you -- >> it's attached to my wrist here with the same thing going on. >> oh, my god. i am actually chained to the desk here because ross westgate, lake-effect snow, is in davos and he will have the very latest out of there and "worldwide exchange" for the rest of the week. we'll also see maria bartiromo there. in the meantime, before that meeting gets under way, france and germany are celebrating their friendship treaty today. it's all about
Jan 25, 2013 6:00am EST
do we mean just raising taxes? isn't most of the austerity in europe raising taxes? >> no. >> not in greece? >> it would actually be starting to collect taxes. >> we raise taxes, which have to do with the middle class -- >> that's the austerity you're talking about, raising taxes? >> yes. >> and also the cutting of wages. we have a dramatic cut in wages, not only in the public sector, but also in the private sector. because the economy, the basis itself on small and medium enterprises, which mainly produce for the domestic market, this has been a distraction. we have lost a lot of jobs, a lot of company, the private sector in a very bad state, in a country which was growing with a rate of more than 4%. but this double -- >> so much more than you were taking in at that point. there's a deficit that has to be paid off. and the measures you're talking about, technology and organizing the economy could take a long time to kick in. >> this is correct. but the main problem in greece was always state revenues. because they do not tax the rates. they allow tax evasion for the weal
FOX Business
Jan 28, 2013 9:20am EST
tax illinois, he owes even more to the state. maybe he should do a mickelson and move. yes, the tax refugee story will not go away. news this morning, that france's richest man is leaving and taking his wealth with him. arno is doing a depardu. t the wall street journal calculates tiger woods saved 100 million dollars over the years he moved to no tax florida. back to that one-shot $75,000 winner he lives in illinois which has just been downgraded. even though the state income tax has gone through the roof and chicago is concerning lifting, shifting its retiree health costs on to you, the federal taxpayer. can you say obama bailout? yes, we can. "varney & company" is about to begin. houting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ]'ll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ >> we have for a long time on the program and now the all-time high for the dow is in sight. clear sight. the record is 14,163.
Jan 20, 2013 4:00pm PST
more than expected in december, up half a percent. they ignored worries about higher taxes. consumption makes up 70% of the u.s. economic growth. the debt ceiling debate, presidential report card and quiet market rally. what does it mean for you money? joining us right now, jared bernstein, center on budget and policy priorities and chief economist to vice president biden. also with us, russ koesterich. thanks for joining us. >> thanks, maria. >> russ, let me kick it up with you. a pretty good rally. on thursday the s&p 500 hitting yet another five-year high. is this rally for real? do you think it's sustainable going forward as we continue through this earnings period? >> i think in the short term, it is. i think we're probably going to hit a road bump in february. the reason i say that is we've got a lot of flows coming into the market early in the year. people were nervous in december. they're coming back in to stocks. that's a good thing over the longer term. we do have some issues coming up. the debt ceiling obviously one of them. the second question is we start to get the economic
Jan 22, 2013 4:00am PST
a little smaller since the first of the year. --the result of the payroll tax holiday expiring as part of the fiscal cliff deal. our cover story looks into whether its slowing the economic recovery. not counting a raise or bonus---most of us have a little less take-home pay, not more. january first, the payroll tax went back to 6.2%. "everyone forgot that it was a holiday. a lot of people thought this was the new status quo." it wasn't. and consumers are pretty direct about it. "it adds up to $900 a year. is that significant? yes." "no one likes being taxes. but you don't have a choice." now, if you make 50,000 a'll pay roughly a thousand dollars more in payroll taxes for the year. every two weeks your take-home pay--roughly 36-dollars less. retailers expect it to affect consumer spending. "the likelihood is that it will. we've seen them cutback during the holidays and we expect this 'austerity' to be here for awhile until they get their 'sea-legs' under this program" but getting those sea-legs may take months. "i'm not happy about it. so has it affected your spending? yes, i
FOX Business
Jan 22, 2013 4:00pm EST
about complexity, in my mind the first thing that comes to mind when i think of the government are taxes. we have a tax code now that is so much more complex. we heard all this talk about simplification last year. we've gone in exactly the opposite direction, putting in all of these deals for special interests and now you're not even sure whether, what your exact rate is depending when you book business. how are you sorting all that out? >> well, it's a challenge. i think about our franchises. most of them are sole proprietors. so their taxes are being passed through the entity that they own. for every dollar that they're paying in additional tax, that is one less dollar they can put back into growing their businesses and creating jobs. we're kind of starving the goose that feeds the golden egg of producing more jobs. david: well, at least you are growing partly as a result of all the complication. people want to go into a franchise. dina owens, from the dwyer group. >> thanks, david. david: appreciate it. lauren: the bank of japan taking a page out of our playbook and announcing it will
FOX Business
Jan 24, 2013 8:00pm EST
york taxpayer myself, i speak for many people when assailant like to see my tax dollars go to you and the people and breezy point. good luck to you. thank you for sharing your story. we appreciate it. >> thanks. cheryl: well, forget about how much apple is selling. what about what bull is a feeling. the internet china is going public with your private invoke. it don't bother telling themy 6. police. there in on it. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him
FOX Business
Jan 24, 2013 11:00pm EST
people when assailant like to see my tax dollars go to you and the people and breezy point. good luck to you. thank you for sharing your story. we appreciate it. >> thanks. cheryl: well, forget about how much apple is selling. what about what bull is a feeling. the internet china is going public with your private invoke. it don't bother telling th ♪ cheryl: let me be brief. tonight we are not going to be so brief. our lawyers taking on two topics tonight. the first, privacy. critics now saying that google is working with the government to breach your privacy. in the past six months nearly 70 percent of all law enforcement requests for your information are coming without a warrant. lawsuits were rightfully come from this. but what they're doing is perfectly legal. i have to start with you on that one. what do you mean, perfectly legal? how so? there has to be a limit to what is shared with the tories. >> well, any time you sign up for anything on line you have to read what those very long terms of service are. and in the case of bill will it does not say that your information is stri
Jan 27, 2013 10:00am EST
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FOX Business
Jan 22, 2013 3:00pm EST
taxes, all kinds of reasons. those people will not buy real estate. that is what happened january 1. let's talk about overall, they talked to me about builder confidence. still have not broken the 50 level. a couple of regions have hit it, the northeast has not, for example. so where is the disconnect? >> you have a demand for multiple family housing. town home garden apartments, that kind of thing demand is there. out somewhere not so commutable, it is not there. cheryl: because you're a real estate agent to the stars coming of high-end luxury clients with multimillion dollar property, is that market strong, will it stay strong, do you think? >> the market is strong due to the overall lack of supply and we have all kinds of people buying in new york. foreigners, investors, users, so much, so many buyers from so many pools, it works. cheryl: thank you very much. if i had an extra $20 million, i would call you. the closing bell is going to ring, exactly 30 minutes to go right now could dell has been the subject of intense chatter of buyouts. the shareholders of little skittish but the bon
FOX Business
Jan 23, 2013 3:00pm EST
fiscal problems, if they can reform the corporate tax so the money earned outside. we have $18 billion outside the united states that could come back to the united states, but corporate tax doesn't work that way right now. i would love to see territorial tax system, tax reform and get us through the fiscal problem we have right now. liz: what about a tax holiday overseas? >> if they do that, that is even better, but i will not hold my breath for that one. liz: paul jacobs, thank you very much. chairman and ceo of qualcomm. back to you in new york. cheryl: there is still more to come tomorrow from davos. liz will interview coca-cola ceo and kenneth frazier, chairman and ceo of merck. two prominent leaders we cannot afford to miss it. when i have 60 minutes to go. we're counting down the minutes until oh, you know what, apple earnings. big. will the numbers get th the docr decided again? shibani joshi will break it down for you coming up next read axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or a
Jan 24, 2013 6:00am EST
of potentially getting out of the eurozone. today, he took a different tactic. we talked about not raising tax rates, but as corporations around the world both affecting issues in the uk and elsewhere are becoming a real issue. i want you to take a look at this piece. >> individuals and bess must pay their fair var. and businesses who think they can carry on, they can keep selling to the uk, and selling uk tax arrangements are for you to wake up and sell the company. >> that comment, by the way, about coffee is actually about starbucks which has created some problems because they've been avoiding taxes in the uk. but take a look at this quote right here. david cameron not making friends. labor mp dennis skinner says it was gruesome for the prime minister to be heading out of austerity-riddled britain to wine and dine at davos with 50 top bankser who helped create the economic crash several hundred tax avoiding milliona e millionaires. >> a lot of people talk today about a report. there was a report earlier this morning that mr. oh lund discovered averting. in total, the report was said to be
Jan 22, 2013 4:00pm PST
ahead advertisers boost spending and that is helping google. >> phil mickelson is talking taxes instead of the fairways and why he's now apologizing for that. >> marine corps taking a different stance hours after saying beyonce lip synced yesterday. >> and new, at 4:30. >> in san ramone, how this piece of equipment is keeping this piece of low tech materials safe for you, and your family. we'll have a live report. >> trook taking a look at traffic here at 4 n:10. it's bumper to bumper, almost a dead stop going left to right. a lot better for folks on the right hand side of the screen heading towards 101 south. stay with us, more >>> marin county is using a new emergency alert system to let people know quickly when there is a dangerous situation, using alerts for any type of emergency that could affect residents, workers or students in marin, requiring people to register online beginning this saturday. the system only alerts people who might be affected by given emergencies. >> we only ed send it out to a specific location. we can see it on the map and different data points. >> volunteer
FOX Business
Jan 24, 2013 11:00am EST
you have to say? stuart: we also agree on taxes. >> we should have a free enterprise, free market system. stuart: why are you such a supporter of the most leftist president in american history? >> it is not just a chief financial officer, it is a leader of our nation. he has no peers when it comes to any other candidate on the republican side or any other republican sitting in the senate. we are out of time. connell: good morning, everyone. i am connell mcshane. dagen: i am dagen mcdowell. things are looking up on the jobs front. connell: monica crowley. dagen: dreamliner, the troubles have not gone away for boeing. michael dell has ordered one of them. connell: then there is jamie dimon and john chambers. you will be hearing from both of them in this hour. liz claman at the world economic forum. cheryl: stocks now and every 15 minutes. apple. nicole: i will show you apple in a moment. the dow, the s&p are doing quite well. five-year highs. highs that we have not seen since 2007. the tech heavy nasdaq, apple weighing on the nasdaq. are we almost at 14,000? we cannot believe it. wh
Jan 22, 2013 4:00am EST
reforms, they're talking about tax reforms, as well. this will be a multi layered process and hopefully they'll be in power long enough to deliver some of those changes. i think the market was expecting for the bank of japan to come in .deliver everything that was going to solve all of japan's problems after decades of recession, then they were probably misguided. but for the moment, the reaction we're getting from people who were watching japan is they probably took as many steps as they could today to try and address this decision. >> kaori, stay with us. ed, welcome. you just heard a little bit of the back and forth. what's your own opinion here on what the boj has or hasn't delivered? >> good morning. thanks very much for having me on the show. my opinion is i completely agree with everything kaori said. even more than that, i would say to the viewing audience, look, this is the cramer moment for japan where you bring out the bells and the whistles and you toot the horn and you tweet and you pound the table and you run around the room saying buy, buy, buy. the framework is now in pl
Jan 24, 2013 7:00am PST
year to try to convince voters to approve a tax hike to deal with california's bumming. well, he successfully succeeded in doing that. so now his clout couldn't be lier and today we expect him to outline his vision on other issues beyond what last year was which was all about taxes and that's going to include as you said education, a big one. he is going to reveal a plan we expect that will offer more money and resources to poorer schools or those student who are more in need than others and also to address public universities to try to compel them to cut costs to students as well as making courses more prevalent online. infrastructure is another big one as he is expected to push for high speed rail and to talk act water issues and trying to build two massive tunnels to move water from northern california to southern california. part of today's state of the state address will be very positive in tone. the governor expected to point out that california is leading the nation in job growth and that the state's credit rating has improved dramaticly over the past several years. last b
Jan 27, 2013 10:00am PST
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Jan 25, 2013 10:00pm PST
: why do you think the bush words from not more successful? the promotion of a lot things, lower tax rates lower regulatory burdens, why didn't the bush--why didn't the economy take off in the decade of 2009. >> it gets to this most boring issue in the world back to the monetary and the crazy dollar destroyed nixon destroyed jimmy carter undermined george bush and none of them knew what hit them. president obama has no appreciation that the volatile dollar that the fed has done is making his task infinitely more difficult. they don't understand it. it has not been taught for decades in the schools. the eyes roll over when it comes up. who shot up lately. so by default bad things happen. >> gavin: some are concerned about money in politics, and the rise of the super pacs. we always had indulgences with wealthy people on both sides with independent ex-pen expenditures. is this healthy for our democracy? are you concerned honestly are you a little bit concerned about what is happening? >> what should be done is take that 76 law which put caps on giving and then the supreme court syd no
Jan 22, 2013 7:00am PST
, michelle. >>> there once was a name barack whose re-election came as a shock, he raised taxes i pay and then turned marriage gay and now he's coming after your glock. captioning funded by cbs >>> welcome to "cbs morning news." i'm charlie rose in new york. norah o'donnell is in washington. on the morning after a very long inauguration day. >> that's right, d.c. police say more than 800,000 people came to the national mall to see president obama's swearing in. thousands of them stayed around to join the president for the inaugural parties last night, bill plante is at the white house. bill good morning. >> reporter: good morning, and good morning out west. the first event on this morning after happens in this hour the president and vice president and their wives attend the national prayer service. last night, the east room of the white house was the place for the hottest afterparty in town. entertainers like kelly clarkson and john legend, lots of politicians, friends of the president, all after the two official inaugural balls. >> my dance partner, michelle obama. >
Jan 22, 2013 5:00pm EST
relevant? >> it's never relevant. >> it's incredibly relevant. >> only to taxes. >> it's relevant from a standpoint of, what's your profit target? when do you think you should be out of this thing? tomorrow really shouldn't be a factor. at the end of the day, if you reached your profit target and you want to get out, great. >> i want to get the bottom line here. you are saying longer term you are concerned about apple's prospect but if you are a long-term investor, you should what? own apple or not? >> the bottom line is this, melissa. it's a great stock to own long-term. it's not a great stock to get into to start a new position in right now because all of the noise and all 0 the headlines that drives what happened in this thing. >> is it priced fairly? is there an attractive value proposition? these are the things you should be thinking about. >> absolutely. absolutely it's priced fairly i mean it's not priced fairly. if you look at amazon, we give amazon the benefit of the doubt with a 3,000 p.e. and i'm fine with that. i think they're going to execute its long-term plan really well
Jan 23, 2013 4:00pm EST
decisions, that set a more effective tax system, that reduced taxes going forward, we could have a booming environment. now, i may be wrong. that's my own personal belief. if we have a grand bargain, america would take off. it's important for america to get strong because the rest of the world needs us, to you know, because europe still has its issues and it will for a couple of years, so i think it's important that america kind of take the lead here, and i'm hoping our congress and our president that's what they do, and if they don't, jpmorgan will deal with it. it's not personal. it's about i want jobs. >> are you expecting a fight around the debt ceiling? do you think we'll have a disruption around this inability to compromise? >> i know nothing more than you other than what i read in the paper today and it seems like they are already starting to. could mice by pushing it out and asking for a budget which i think all seems rational and compromise by the way so i applaud them. >> what does your gut tell you about all the money moving into stocks recently? had a fantastic early 2013. do y
Jan 23, 2013 3:00am PST
it really explodes. i want them to be more aggressive on tax reform. i want them to cut defense spending much more. i hope the sequestration goes through. >> right. >> i want those defense cuts. and after we do those defense cuts, we need more defense cuts. we need to stop occupying countries for a decade at a time. we've got to stop spending $2 billion a week. i am mr. cut. call me mr. cut. i am more conservative than most republicans on the hill. that said, what gave me comfort yesterday was, i talked to party leaders, and i talked to the rank and file on both sides. they seemed to understand that they've walked into traps time and time again. and they're ready to start playing smart. that's good. >> that's very good. and i think they've had, you know, to your point, joe "cut man" scarborough, they understand that you can have the arguments all day long on cutting and spending, but if you consistently fall into the president's traps on the social issues and on a bunch of other things out there is that distract from the main argument you want to make about the growth and health of the e
Jan 22, 2013 4:30am PST
or simply rolling the cost into annual profit taxes. both of those options would keep your garbage bill from increasing significantly. if the city replaces the old system to stick with in-house billing, you could see your bill go up by more than $14. >>> a real world test for google's next big thing. google's co-founder was caught on camera taking one of his company's prototypes out for a test drive. wearing the so-called google glasses on new york city subway. the glasses are said to have capabilities similar to a smartphone. as you can see in this you tube video, the user can see data on the screen on the tiny frames. google doesn't expect glasses to be available for a few years now. they are expected to cost about $1,500. >> that's tripp trippy. we would be robots. >>> a lot to talk about in business. kayla tausche is live at cnbc world headquarters with all of yours news before the bell. good morning, kayla. >> reporter: good tuesday morning to you, marla. futures are mixed as investors return from the holiday weekend. markets are coming off their third straight week of gains. the dow, n
Jan 22, 2013 7:00am EST
. and people can hide there, essentially. if they need to. and mount a tax on population centers. so when the whole of the northern part of marli early last year to a group of dis pretties and infamous rebels, and well-organized people militarily, and got together to do it, not only is it governored, it's governored by people who want to do harm to some of the western interests. so that's why the french inter -- >> mark, we leave you there. thank you very much. apologies for the slight problem in the sound. but fantastic to have mark there in marli. well, as we heard from aaron, the global unemployment picture is a bleak one with fears of more job cuts and increasing numbers of people are coming to terms with years of livering with austerity. our correspondents have been to germany where thousands of migrant workers have left behind their old lives in a future away from home. >> they flew in from the sunny skies of spain to a cold winter in germany. today, five more nurses. all of them have jobs lined up here. all of them are going to have to learn german fast. >> why have you come here?
Jan 23, 2013 9:00am EST
near fiscal consolidations in the united states. concerns about like the sequester, entitlement and tax reform. policy action must urgently address the risks in the u.s. the key imf forecast headline numbers, 2% growth for the u.s. in 2013, rising above trend in the second half of the year. the forecast for europe, that area revised downward. expected to contract by .2 of a percent in 2013, rather than expanding by a modest .1% back in the forecast in october. no downgrade of growth in japan, despite renewed recession there. forecasts still for 1.2% growth in 2013. and finally, the prescription for china, sustaining a rapid growth, progress on market oriented and structural forms there and more emphasis on private consumption inside china. back to you guys. >> hampton pearson, thank you. >>> google shares up sharply this morning after the company beat estimates in the earnings, setting a surge in ad sales profit. both gentlemen this morning have raised price targets on google. you raised your rating to $900 a share. the price target, that is. you've got a buy rating on the stock. in ter
Jan 24, 2013 1:00pm PST
to take a profit before the higher capital gains taxes can kicked in at the beginning of the year. what's happening today is investors choosing to get out of the stock because competition is becoming more of a factor. there are these quality alternatives going strong these days. i'm talking about the tablet and the smartphone arena. it's getting crowded. what you're seeing is the average price is still around $700. a lot of people are still sweet on apple shares even though it plunged today, wolf. >> steve jobs died about a year and a half ago. what does all of this say about tim cook's tenure as the apple's ceo? >> it says you know what, you're going to get the blame, tim cook. you're the ceo so the buck stops with you. he saw the blowout of the iphone 4s and took the stocks to greater heights. it was around $375 when he took over. the price almost doubled in tim cook's first year in charge. it peaked in september when iphone 5 came out. since then, the shares have been tumbling. for one, wall street and analysts don't have much confidence that he can deliver like steve jobs did, that
FOX Business
Jan 21, 2013 3:00pm EST
: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to turn around
Jan 22, 2013 6:00am PST
democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. susan mcginnis, cbs news, washington. >>> today is the 40th anniversary of the supreme court ruling that legalized abortion. in 1973 the roe v. wade decision said a woman has the right to abort a pregnancy setting off a national debate. today a pro choice group will hold a rally and walk in los altos, a demonstration against female enslavement at city hall in san francisco. >> three americans were killed in the algeria, seven others made it out alive. the militants offered to release two of the americans who died in exchange for the freedom of two prominent terror suspects behind bars in the u.s. the obama administration rejected that offer. >>> at least one person is dead from an earthquake that hit western indonesia this morning, i
Jan 21, 2013 7:00am EST
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